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EU resumes HHI-DSME merger investigation

The European Commission, the antitrust regulator of European Union, has resumed screening of the merger between major South Korean shipbuilders Hyundai Heavy Industries (HHI) and Daewoo Shipbuilding & Marine Engineering (DSME).

The investigation was suspended in April due to the complexities and disruptions caused by the coronavirus.

The European Commission warned in December last year that deal to create a company with over 20% market share could potentially push up shipbuilding prices.

In February, the Japanese government filed a petition at the World Trade Organisation questioning the legitimacy of the merger.

The commission is expected to have a decision on the merger by September 3.

 

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Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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